Swiss based Copper, an institutional digital asset infrastructure provider focusing on custody and collateral management, has acquired  Abu Dhabi based Securrency Capital Limited, a full-service, regulated blockchain-enabled brokerage firm offering digital securities trading based in the Abu Dhabi Global Market (ADGM), making its entry into the UAE market.

This comes just after The Depository Trust & Clearing Corporation, an American post-trade financial services company providing clearing and settlement services to the financial markets known as DTCC, signed a definitive agreement to acquire Abu Dhabi based Securrency Inc. (“Securrency”), a leading developer of institutional-grade, digital asset infrastructure invested in by Mubadala sovereign Fund.

The two entities Securrency and Securrency Capital have been sold to other institutions just months apart. Securrency Capital Limited is a full-service regulated institutional brokerage firm that offers both traditional and digital financial services. Its mission is to deliver asset tokenization benefits to retail and institutional clients by providing access to multiple digital products and asset classes through a single, easily accessible marketplace

While Securrency is an institutional-grade digital asset infrastructure provider that offers  solutions to market participants to facilitate the trading, settlement and servicing of digital securities and assets.

Securrency Capital’s platform is powered by Securrency, allowing it to provide investors with access to global securities, delivering 24/7 trading with near-real time settlement. In addition, the tokenisation of traditional securities enables increased investor access and simpler, more efficient value chain management through automation.

Operating out of ADGM and supervised by the Financial Services Regulatory Authority (FSRA), Securrency Capital Limited will be renamed Copper Securities Limited and will remain headquartered in the ADGM.

Dmitry Tokarev, CEO and Founder of Copper, said: “Through this acquisition, Copper is able to grow its role as a global digital asset infrastructure provider and establish a stronger footprint in the United Arab Emirates. This is just the beginning of our expansion into the Middle East.”

John Hensel, Co-founder & COO of Securrency, Inc, said: “I am thrilled to announce Securrency Capital’s acquisition by Copper. We look forward to working with Dmitry and team as they serve the rapidly growing Abu Dhabi Global Market.”

Broadhaven Capital Partners acted as an adviser to Copper on the deal.